Posted Date : 08-Oct-2011 , 04:25:38 pm | Posted By Venkat

*    XBRL is the Financial and Operational business reporting offshoot of Extensible Markup Language (XML), which is a freely licensable, open technology standard (or Vocabulary) used to exchange business information electronically. XML is the universally preferr...

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Category : Corporate Law | Comments : 1 | Hits : 891

Posted Date : 24-Sep-2011 , 06:07:56 pm | Posted By CA.VIRAL JANI

  WINDING UP- PROCEDURE UNDER COMPANIES ACT, 1956 Winding up is the process by which the normal activities of the corporation or association of person is stopped and the assets and liabilities of the association is assessed and distributed among the shareholders as per the existing a...

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Category : Corporate Law | Comments : 0 | Hits : 945

Posted Date : 18-Sep-2011 , 04:52:57 am | Posted By Vikas

Do you want to start an Indian Company?  To register a company, you need to first apply for a Director Identification Number (DIN) which can be done by filing eForm for acquiring the DIN. You would then need to acquire your Digital Certificate and register the same on the portal. Therea...

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Category : Corporate Law | Comments : 0 | Hits : 592

Posted Date : 18-Sep-2011 , 03:29:58 am | Posted By Vikas

1.Hold board meeting and consider about name change and authorise the CS for filing of Form 1A and Form no. 1B 2.Intimate the SE about the proposal. 3. File form no.1A 4. On receipt of new name confirmation hold another board meeting for Affixing date, time and venue of General M...

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Category : Corporate Law | Comments : 0 | Hits : 2798

Posted Date : 18-Sep-2011 , 03:24:05 am | Posted By Vikas

As per the provisions of Section 58A of the Companies Act, 1956; a private company can accept Deposits only from its Shareholders, Directors and there Relatives. Meaning of “relative” (As per Section 6 of the Companies Act, 1956) : A person shall be deemed to be a relative o...

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Category : Corporate Law | Comments : 0 | Hits : 734

Posted Date : 16-Aug-2011 , 03:41:05 pm | Posted By CA Adarsh Agrawal

TYPES OF TAKEOVER   I. LEGAL CONTEXT From legal perspective , takeover is of three types: Friendly takeover Bail out takeover Hostile takeover Friendly or Negotiated Takeover: Friendly takeover means takeover of one company by change in its man...

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Category : Corporate Law | Comments : 0 | Hits : 541

Posted Date : 15-Aug-2011 , 07:30:59 pm | Posted By CA Adarsh Agrawal

What is Corpfiling for Listed Company & how investors can get information online now (excel based filing), SEBI/Stock exchange website     SEBI had, vide circular no SEBI/CFD/DIL/LA/4/2007/27/12 dated December 27, 2007 informed that Electronic Data Information Filing An...

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Category : Corporate Law | Comments : 0 | Hits : 522

Posted Date : 26-Jun-2011 , 02:12:17 am | Posted By Anuradha

Incorporating a Private Limited Company in India Startup Lot of early entrepreneurs and wanna-be entrepreneurs have a basic question in their mind on How do you incorporate a Private Limited Company? What are the various requirements, formalities, costs, check-lists, processes associ...

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Category : Corporate Law | Comments : 0 | Hits : 1241

Posted Date : 26-Jun-2011 , 02:10:36 am | Posted By Anuradha

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Category : Corporate Law | Comments : 0 | Hits : 2722

Posted Date : 15-Jun-2011 , 10:33:49 am | Posted By Rohit

The Ministry of Corporate Affairs, in supersession of its earlier circular No. 9/2011 dated 31.03.2011, has mandated for following companies to file Balance sheet and Profit and loss Account along with Directors’ and Auditors’ Report for the year 2010·11 onwards by using XBRL t...

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Category : Corporate Law | Comments : 2 | Hits : 1543

Posted Date : 15-Jun-2011 , 10:16:09 am | Posted By Jay Raithatha

  MCA Directs Regional Directors to Initiate Inquiry Against Those Practicing Professionals Who Certified the Particulars Furnished by Listed Companies    The Ministry of Corporate Affairs has directed its Regional Directors to initiate inquiry against those practicing ...

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Category : Corporate Law | Comments : 0 | Hits : 1092

Posted Date : 06-Jun-2011 , 09:33:29 pm | Posted By Anjali Arora

Auditors and company secretaries who have made false or incorrect certification will face penalties, including cancellation of their licences, said an official at the ministry of corporate affairs (MCA).   “The ministry, which has entrusted professionals such as chartered and c...

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Category : Corporate Law | Comments : 2 | Hits : 1121

Posted Date : 05-Jun-2011 , 10:25:48 am | Posted By Avinash Bansal

  Circular issued by Ministry of Corporate of Affairs Dated 01st Jun, 2010 on compliance of provisions of Companies Act, 1956 and Rules made there under (effective from 3rd July, 2011).   If any Companies makes default in submission of their up...

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Category : Corporate Law | Comments : 0 | Hits : 1787

Posted Date : 03-Jun-2011 , 07:01:18 am | Posted By CA. SANAT PYNE

  Introduction: - Directors are agents of the Company in transactions they enter into on behalf of the Company, though they are not agents for individual shareholders or members. A director may be an employee, a servant or even a "worker" of the Company. He occupies the posi...

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Category : Corporate Law | Comments : 0 | Hits : 827

Posted Date : 02-Jun-2011 , 01:36:31 am | Posted By CA. SANAT PYNE

  A company can be closed by adopting the following ways:-   (A) Strike off a company under Section 560 : Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register...

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Category : Corporate Law | Comments : 0 | Hits : 1100

Posted Date : 31-May-2011 , 09:26:18 pm | Posted By CA.Khurana Vivek

1. What is refund process? The user is required to make various payments to avail MCA21 services. A number of instances have been observed where the users make multiple payments or incorrect payment or excess payment while using these services. In order to allow the sta...

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Category : Corporate Law | Comments : 2 | Hits : 1131

Posted Date : 26-May-2011 , 02:40:24 am | Posted By CA. SANAT PYNE

  What is a Digital Signature Certificate (DSC)? The Information Technology Act, 2000 provides for use of Digital Signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically. This is the only secure a...

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Category : Corporate Law | Comments : 0 | Hits : 819

Posted Date : 24-May-2011 , 06:52:58 am | Posted By CA. SANAT PYNE

  How to Incorporate a New Limited Liability Partnership             A Limited Liability Partnership may be incorporated as per the procedure explained below:   User Registration   Register yourself o...

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Category : Corporate Law | Comments : 0 | Hits : 2273

Posted Date : 24-May-2011 , 05:39:36 am | Posted By CA. SANAT PYNE

  NATURE OF LIMITED LIABILITY PARTNERSHIP (LLP) 1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue i...

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Category : Corporate Law | Comments : 0 | Hits : 987

Posted Date : 19-May-2011 , 12:56:24 am | Posted By CA. SANAT PYNE

  What is an Annual General Meeting? An Annual General Meeting, commonly referred to as an AGM, is a formal meeting which is held once a year. It is a legal requirement for voluntary organisations that have company status. It is good practice for charities to have an AGM to a...

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Category : Corporate Law | Comments : 0 | Hits : 1110